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QUESTION

Monopoly Profit Maximization

You have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits

The data provided by the company is incomplete. You are to complete columns TR and ATC in the chart and make a short-run recommendation, using one of the recommendation actions from the list below. Remember that your goal is to maximize profits. Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.

Recommendation actions:

Remain at current output level. Increase output Decrease output Shut down Uncertain-the figures provided cannot possibly be correct.
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